Hudson’s Bay Trims Expectations for IPO

The retailer now expects to raise 365 million Canadian dollars, or $364.5 million, according to a financial source.

HUDSON’S BAY IPO TRIM: Hudson’s Bay Co. is trimming back expectations for its initial public offering in Toronto. The retailer, which owns Lord & Taylor, The Bay and Home Outfitters, now expects to raise 365 million Canadian dollars, or $364.5 million, according to a financial source. That’s a decline of 8.8 percent from the 400 million Canadian dollars the company expected when it filed paperwork for the offering last month.